Fidelity Bank Plc has announced a remarkable financial performance for the first quarter of 2025, with a Profit Before Tax (PBT) of N105.8 billion, representing a significant growth of 167.8% compared to N39.5 billion in Q1 2024.
The bank’s gross earnings rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year.
The growth in interest income was primarily driven by a 38.6% year-on-year expansion in earning assets base, while non-interest revenue growth was supported by increased customer transactions.
The bank’s total deposits grew by 11.1% to N6.6 trillion, driven by a 10.6% growth in low-cost deposits. Net Loans and Advances increased by 5.0% to N4.6 trillion, with a focus on local currency loans.
Fidelity Bank’s Managing Director, Dr. Nneka Onyeali-Ikpe, attributed the impressive performance to the resilience of the bank’s business model.
She expressed confidence in delivering a better result in the 2025 financial year and reiterated the bank’s commitment to supporting individual and business growth while enhancing financial sustainability.
Fidelity Bank is a leading Tier-1 financial institution in Nigeria, serving over 9.1 million customers through digital banking channels and 255 business offices.
The bank has received multiple awards for its innovative banking services and support for small and medium-sized enterprises (SMEs).
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